Saturday, August 05, 2006
Problems with Accrual Budgeting
I linked to a post that last year's budget deficit was really over $2 trillion. It turns out it could have been a $2 trillion surplus with a slight change in the Social Security infinite horizon interest rate assumption. There is a note in the comments that I think means Canada does five year horizon on government aid programs that must balance.
Max also has a post about good ol' Charlie Wilson's war and how we are still paying for it.
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